UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K/A

(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):   July 10, 2008

ARCLAND ENERGY CORPORATION

(Exact name of registrant as specified in its charter)

Utah		0-10315		95-4091368
(State or other jurisdiction		(Commission File Number)		(IRS Employer
of incorporation)				Identification No.)

17101 Preston Road, Suite 210, Dallas, Texas 75248

(Address of principal executive offices, including Zip Code)

Registrant’s telephone number, including area code                                                                                                214-774-4820

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

This Current Report on Form 8-K/A (Amendment No. 1) is filed as an amendment and supplement to the Current Report on Form 8-K filed by Implantable Vision, Inc. on July 15, 2008 to provide the historical and pro forma financial information required pursuant to Item 9.01 of Form 8-K.

2.01                   Completion of Acquisition or Disposition of Assets

On July 15, 2008, Implantable Vision, Inc., which is now known as Arcland Energy Corporation (the “Company”) filed a Current Report on Form 8-K relating to a Portfolio Leasehold Acquisition Agreement dated July 10, 2008 (the “Acquisition Agreement”) that it entered into with Lariat Energy Corporation, a Nevada corporation (“Lariat”), Pilgrim Petroleum Corporation, a Delaware corporation (“Pilgrim”), and American Petroleum Corporation, a Texas corporation (“American” and, together with Pilgrim and Lariat, the “Sellers”). Under the terms of the Acquisition Agreement, the Company purchased certain oil and gas leases (the “Acquired Assets”) from the Sellers for an aggregate of 41,753,247 shares (the “Acquisition Shares”) of the Company’s common stock, $.001 par value (“Common Stock”), a Convertible Promissory Note payable to Lariat in the principal amount of $7,000,000, and a Convertible Promissory Note payable to American in the principal amount of $3,000,000. The Acquisition Agreement transaction is referred to herein as the “Reverse Acquisition.” The effective date of the Reverse Acquisition was July 10, 2008.

Item 9.01.                   Financial Statements and Exhibits.

(a)           Financial Statements of Businesses Acquired

The following unaudited Statements of Assets Sold and Statements of Revenues and Direct Expenses relate to the Acquired Assets sold by American and Lariat in connection with the Reverse Acquisition Transaction.

AMERICAN PETROLEUM CORPORATION

STATEMENT OF ASSETS SOLD

July 10, 2008

UNAUDITED

ASSETS

ASSETS SOLD
Investments – Working Interest (net)			54,858
TOTAL ASSETS SOLD		$	54,858

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AMERICAN PETROLEUM CORPORATION

STATEMENT OF REVENUES AND DIRECT EXPENSES

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2006 and 2007

AND THE SIX MONTHS ENDED JUNE 30, 2008

FOR ASSETS SOLD on JULY 10, 2008

UNAUDITED

		2006				2007				2008
Revenue - net		$	128,963			$	45,959			$	22,525
Direct Expenses
Lease operating expenses			110,842				6,305				4,364
Subcontract expenses			2,614				1,273				1,244
Severance taxes			5,491				2,165				916
Auto expenses			3,750				260				516
Equipment rental			8,122				-				-
Professional fees			9,775				360				1,195
Repairs and maintenance			5,252				- 1,203
Filing fees			500				-				600
Insurance			1,800				-				-
Total Direct Expenses			148,146				10,364				10,039
Net Revenue/(Loss)			(19,183	)			35,596				12,486

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AMERICAN PETROLEUM CORPORATION

NOTES TO STATEMENTS

A.   Nature of Business

American Petroleum Corporation (the “American”) is a Texas corporation.  American is an oil and gas operator and invests in working interests and oil and gas leases throughout Texas.

B.   Accounting Policies

A summary of American’s significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:

Basis of Accounting

The accounts are maintained and the financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts in the financial statements and accompanying notes.  Actual results could differ from these estimates and assumptions.

Cash and Cash Equivalents

American considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Revenue Recognition

American generally recognizes revenue upon performance of services for its customers.

Sale of Assets

American sold its’ interest in certain oil and gas leases on July 10, 2008 to Implantable Vision, Inc (IMVS – OTCBB) an Utah Corporation for a note and stock.

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LARIAT ENERGY CORPORATION

STATEMENT OF ASSETS SOLD

July 10, 2008

UNAUDITED

ASSETS

ASSETS SOLD
Investments – Oil and Gas Leases		$	41,620,249
TOTAL ASSETS SOLD		$	41,620,249

LARIAT ENERGY CORPORATION

STATEMENT OF REVENUES AND DIRECT EXPENSES

FOR THE TWELVE MONTHS ENDED DECEMBER 31, 2006 and 2007

AND THE SIX MONTHS ENDED JUNE 30, 2008

FOR ASSETS SOLD on JULY 10, 2008

UNAUDITED

		2006				2007				2008
Revenue - net		$	-			$	112,385			$	90,101
Direct Expenses
Lease operating expenses			-				6,995				17,458
Subcontract expenses			-				5,093				4,977
Severance taxes			-				5,460				3,665
Auto expenses			-				-				-
Equipment rental			-				-				-
Professional fees			-				-				-
Repairs and maintenance			-								- -
Filing fees			-				-				-
Insurance			-				-				-
Total Direct Expenses			-				17,548				26,100
Net Revenue/(Loss)			-				94,837				64,001

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LARIAT ENERGY CORPORATION

NOTES TO STATEMENTS

A.           Nature of Business

Lariat Energy Corporation (the “Lariat”) is a Nevada corporation.  Lariat is an oil and gas operator and invests in working interests and oil and gas leases throughout the United States.

B.           Accounting Policies

A summary of Lariat’s significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements follows:

Basis of Accounting

The accounts are maintained and the financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts in the financial statements and accompanying notes.  Actual results could differ from these estimates and assumptions.

Cash and Cash Equivalents

Lariat considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.

Revenue Recognition

Lariat generally recognizes revenue upon performance of services for its customers.

Sale of Assets

Lariat sold its’ interests in certain oil and gas leases on July 10, 2008 to Implantable Vision, Inc. (IMVS – OTCBB) an Utah Corporation for a note and stock.

(b)           Pro Forma Financial Information.

Unaudited Pro Forma Financial Statements of Implantable Vision, Inc. (n/k/a/ Arcland Energy Corporation)

The following unaudited pro forma financial statements give effect to the Reverse Acquisition transaction.

The pro forma adjustments are based upon information and assumptions available at the time of the filing of this Form 8-K/A. The unaudited pro forma financial data may not be indicative of the financial position or results that would have occurred if the transaction had been in effect on the dates indicated or which may be obtained in the future.

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The unaudited pro forma financial data should be read in conjunction with the historical financial statements and notes thereto of the Company, and the unaudited Statements of Assets Sold and Statements of Revenues and Direct Expenses of American and Lariat set forth above. The Company’s historical financial statements are included in Company’s regulatory reports as filed from time to time with the Securities and Exchange Commission. The unaudited Statements of Assets Sold and Statements of Revenues and Direct Expenses and related notes thereto for American and Lariat are included in financial information required by Form 8-K Item 9.01(a) filed with this Form 8-K/A.

IMPLANTABLE VISION, INC.

(A Development Stage Company)

PROFORMA BALANCE SHEEET

		Unaudited April 30, 2008
Assets
Current Assets:
Cash and cash equivalents		$	2,560
Other current assets			2,000
Total current assets			4,560
Property and equipment:
Equipment			133,014
			133,014
Less accumulated depreciation			(46,404	)
Total property and equipment, net			86,610
Other assets:
Investments – Leases			59,475,498
Investments – Patents and licenses			1,000,000
Total other assets			60,457,498
Total assets		$	60,548,668
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable		$	1,320,180
Accrued liabilities			21,700
Credit cad payables			-
Related party payables			117,611
Current portion of long-term debt			26,105
Total current liabilities			1,485,596
Long-term liabilities:
Long-term debt – less current portion			10,000,000
Total long-term liabilities			10,000,000
Total liabilities			11,485,596
Stockholders’ equity:
Preferred stock, $0.001 par value, 100,000,000 shares authorized, Series A convertible preferred stock, 1,000,000 shares issued and outstanding			1,000
Common stock, $0.001 par value, 150,000,000 shares authorized and 74,911,470 shares issued and outstanding			74,911
Stock to be issued			1,554
Subscription receivable			(1,370,000	)
Additional paid-in capital			54,471,771
Retained earnings			(3,238,767	)
Total stockholders’ equity			49,940,469
Total liabilities and stockholders’ equity		$	61,426,065

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IMPLANTABLE VISION, INC.

(A Development Stage Company)

(Unaudited)

PROFORMA STATEMENT OF OPERATIONS

		Implantable Vision, Inc.				Lariat Energy Corporation				American Petroleum Corp.				Combined
		August 1, 2007 to April 30, 2008				August 1, 2007 to April 30, 2008				August 1, 2007 to April 30, 2008				August 1, 2007 to April 30, 2008
Revenues earned		$	-			$	116,101			$	29,025			$	145,126
Direct costs:
Leasing Operating Expenses			-				26,138				6,535				32,673
Severance Taxes							4,505				1,126				5,631
Total direct job costs			-				30,643				7,661				38,304
Gross profit			-				85,458				21,364				106,822
Expenses:
Research and development			374,605				-				-				374,605
Administrative			360,036				-				4,134				364,170
Depreciation			20,268				-				2,240				22,508
Total expenses			754,909				-				6,374				761,283
Income from operations			(754,909	)			85,458				14,990				(654,461	)
Other income (expense):
Interest expense			(9,210	)			-				-				(9,210	)
Interest income			25				-				-				25
Forgiveness of debt			4,700				-				-				4,700
Other income			-				-				-				-
Total other income (expense)			(4,485	)			-				-				(4,485	)
Net income-(Loss)		$	(759,394	)		$	85,458			$	14,990			$	(658,946	)
Per share information:
Weighted average number of common stock shares outstanding															74,911,470
Net loss per common share-basic														$	(0.01	)

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IMPLANTABLE VISION, INC.

(A Development Stage Company)

PROFORMA STATEMENT OF OPERATIONS

		Audited Implantable Vision, Inc.				Unaudited Lariat Energy Corporation				Unaudited American Petroleum Corp.				Unaudited Combined
		August 1, 2006 to July 31, 2007				August 1, 2006 to July 31, 2007				August 1, 2006 to July 31, 2007				August 1, 2006 to July 31, 2006
Revenues earned		$	-			$	54,295			$	96,650			$	150,945
Direct costs:
Leasing Operating Expenses			-				622				33,721				34,343
Severance Taxes							3,305				4,402				7,707
Total direct job costs			-				3,927				38,123				42,050
Gross profit			-				50,368				58,527				108,895
Expenses:
Research and development			757,389				-				-				757,389
Administrative			1,755,903				-				17,627				1,773,530
Depreciation			-				-				2,986				2,986
Total expenses			2,513,292				-				20,613				2,533,905
Income from operations			(2,513,292	)			50,368				37,914				(2,425,010	)
Other income (expense):
Income taxes			-				-				-				-
Interest expense			-				-				-				245
Interest income			245				-				-				-
Gain/(Loss) on sale of assets			-				-				-				-
Other income			-				-				-				-
Total other income (expense)			245				-				-				245
Net income-(Loss)		$	(2,513,047	)		$	50,368			$	37,914			$	(2,424,765	)
Per share information:
Weighted average number of common stock shares outstanding															74,911,470
Net loss per common share-basic														$	(0.03	)

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: October 24, 2008	ARCLAND ENERGY CORPORATION
	By:   /s/ Bryan Bulloch
	Bryan Bulloch,
	President and Chief Financial Officer

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